Running Oak Capital LLC Has $13.20 Million Stake in Amdocs Limited (NASDAQ:DOX)

Running Oak Capital LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 8.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 155,013 shares of the technology company’s stock after buying an additional 11,497 shares during the quarter. Running Oak Capital LLC’s holdings in Amdocs were worth $13,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DOX. Nordea Investment Management AB boosted its position in Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after acquiring an additional 127,426 shares during the last quarter. Mirabella Financial Services LLP lifted its stake in Amdocs by 204.2% in the third quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock valued at $1,250,000 after buying an additional 9,600 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Amdocs by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock worth $41,827,000 after buying an additional 9,098 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Amdocs by 34.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock worth $12,733,000 after buying an additional 37,516 shares during the period. Finally, Dudley & Shanley Inc. increased its stake in shares of Amdocs by 7.6% in the 3rd quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock valued at $22,905,000 after acquiring an additional 18,600 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

DOX stock opened at $85.28 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50-day simple moving average of $85.69 and a two-hundred day simple moving average of $86.10. The company has a market capitalization of $9.63 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 2.25%. Amdocs’s dividend payout ratio (DPR) is currently 45.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOX shares. Barclays reduced their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus began coverage on Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. Oppenheimer raised their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

About Amdocs

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.